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Bills in Focus In series
A weekly report by the law firm D&A providing the latest information on bills
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Bills in Focus In series
A weekly report by the law firm D&A providing the latest information on bills
Would you like to subscribe?
Tackling poor construction practices, promoting SME carbon neutrality
Proposed bill: Partial Amendment to the Construction Technology Promotion Act Proposed by Rep. Heo Jong-sik (Democratic Party of Korea) ● The recent collapse of an underground parking lot has brought to attention the need to remedy poor construction practices. This amendment reinforces the liability
Nov. 13, 2023 - 17:07:46
Broader offshore financial support, mobility regulatory sandbox
Proposed bill: Partial Amendment to the Fair Transactions in Franchise Business Act Proposed by Rep. Yu Eui-dong (People Power Party) ● Under the current act, franchisers can designate goods or services vital for trademark protection as “essential items” and require their franchisees to trade these
Nov. 6, 2023 - 11:46:57
Fighting trade theft, reinforcing depositor protection
Proposed bill: Partial Amendment to the Unfair Competition Prevention and Trade Secret Protection Act Proposed by Rep. Lee Yong-bin (Democratic Party of Korea) ● This bill aims to reinforce trade secret protection and prevent potential economic losses by offering monetary rewards to individuals who
Oct. 30, 2023 - 11:13:21
Protecting lessees in rental housing, tackling retailers‘ interference with suppliers’ affairs
Proposed bill: Partial Amendment to the Monopoly Regulation and Fair Trade Act Proposed by Rep. Kim Hee-gon (People Power Party) ● To clarify the standard for defining a “business group,” this amendment specifies the scope of business and extent of liability of the term “the same person.” Additional
Oct. 16, 2023 - 12:50:40
Curbing false information online, easing taxation on media production
Proposed bill: Partial Amendment to the Act on Promotion of Information and Communications Network Utilization and Information Protection Proposed by Rep. Yoon Doo-hyun (People Power Party) ● Disinformation is difficult to recognize but can be rapidly reproduced and distributed across various commun
Oct. 11, 2023 - 14:46:57
Eased land use within industrial complexes, tackling faulty construction
Proposed bill: Partial Amendment to the Industrial Sites and Development Act Proposed by Rep. Hong Suk-joon (Democratic Party of Korea) ● Industrial complexes are currently experiencing a decrease in competitiveness and a reduced inflow of young people due to dilapidated infrastructure and a lack of
Oct. 1, 2023 - 16:01:09
Holding CEOs accountable for lack of internal financial control
Proposed bill: Partial Amendment to the Act on Corporate Governance of Financial Companies Proposed by Rep. Yoon Han-hong (People Power Party) ● The frequent occurrence of financial accidents has raised the need for financial companies to strengthen the monitoring of their internal control system. T
Sept. 25, 2023 - 15:15:20
Human rights and environmental due diligence, more exemptions from development charges
Proposed bill: Act on Human Rights and Environment Protection for Sustainable Business Administration of Corporations Proposed by Rep. Jung Tae-ho (Democratic Party of Korea) ● ESG policies are now considered a key factor in business management in achieving corporate sustainability and long-term val
Sept. 18, 2023 - 18:07:17
Fair practices in e-commerce, legal grounds for carbon capture tech
Proposed bill: Act on Protection of Digital Service Users Proposed by Rep. Jung Pil-mo (Democratic Party of Korea) ● The rapid advancement of digital services has led to new forms of user rights infringement, highlighting the need for a new act to protect the rights of digital service users. This bi
Sept. 11, 2023 - 14:13:47
Promoting refiners‘ use of feedstock, tackling environmental claims in ads
Proposed bill: Partial Amendment to the Petroleum and Alternative Fuel Business Act Proposed by Rep. Lee In-seon (People Power Party) ● Following the introduction of special deregulations that allow petroleum refiners to use pyrolytic oil -- a substance produced by recycling waste plastic or tires -
Sept. 4, 2023 - 14:32:17
Targeting deceptive gains from convertible bonds, retrieving short-swing profits
Proposed bill: Partial Amendment to the Financial Investment Services and Capital Markets Act Proposed by Rep. Lee Wong-woo (Democratic Party of Korea) To prevent the exploitation of callable convertible bonds (CB) for deceptive gain and power, this amendment prohibits stock-listed corporations from
Aug. 28, 2023 - 11:55:01
Tougher measures against family monopolies, housing scams, construction safety
Proposed bill: Partial Amendment to the Monopoly Regulation and Fair Trade Act Proposed by Rep. Kim Han-kyu (Democratic Party of Korea) ● Although the current law stipulates stringent penalties against the provision of unfair benefits to specially related parties, the effectiveness of such penalties
Aug. 21, 2023 - 17:36:41
Fighting digital piracy, mobile scams and strengthening AI ethics
Proposed bill: Partial Amendment to the Copyright Act Proposed by Rep. Lee Yong-ho (People Power Party) ● Piracy websites providing access to pirated content continue to thrive, highlighting the need for stricter measures to discourage digital piracy. This amendment specifies the operation of a webs
Aug. 14, 2023 - 13:50:20
TV license fee, 3rd party calculation of patent damages, more foreign investment benefits
Proposed bill: Partial Amendment to the Broadcasting Act Proposed by Rep. Park Sung-joong (People Power Party) ● Currently, all people who possess a television receiver must pay a TV license fee, which is used to fund the Korea Broadcasting System. However, this regulation has been criticized for be
Aug. 7, 2023 - 10:35:12
Tackling workplace discrimination, e-commerce fraud
Proposed bill: Partial Amendment to the Labor Standards Act Proposed by Rep. Kim Ju-young (Democratic Party of Korea) ● With the expanding diversity of employment types, there has been a notable increase in cases of discrimination based on employment type. This amendment prohibits discrimination bas
Aug. 1, 2023 - 11:39:28
